Foreign investors’ confidence in Vietnam remains strong

Vietnam has seen a robust increase in the inflow of the foreign investment despite global geopolitical uncertainty, affirming foreign firms’ sentiments in the Southeast Asian market, according to insiders.

The Ministry of Industry and Trade stated in a recent announcement that the investors’ confidence in the Vietnamese Government’s policy as well as the nation’s economic outlook has been consolidated. Meanwhile, global corporations stressed that Vietnam has an incredible opportunity to become an indispensable link in the global supply chain.

Many billion-USD projects have been effectively implemented in Vietnam, including those of Samsung, LG, Foxconn, Goertek, Amkor, and HanaMicron.

During January-June, nearly 15.2 billion USD in foreign investment was funneled into Vietnam, up 13% year-on-year. The country is forecast to lure some 39-40 billion USD in foreign capital this year, equivalent to the figure of 2023.

In recent years, various projects in the domains of semiconductor, energy, and production of parts, electronic products, and goods with high added value have landed and expanded in the country.

Furthermore, Vietnam has great chances to attract investments to pioneering industries like AI and hydrogen./.